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Is a Correction Looming Ahead for Carrier Global Corporation (CARR)

Carrier Global Corporation (NYSE:CARR) went down by -2.60% from its latest closing price compared to the recent 1-year high of $57.97. The company’s stock price has collected -7.51% of loss in the last five trading sessions. MarketWatch.com reported on 02/26/22 that Not enough babies? EV battery shortage? Dwindling water? There are ‘scarcity’ stock plays for all of it

Is It Worth Investing in Carrier Global Corporation (NYSE :CARR) Right Now?

Carrier Global Corporation (NYSE:CARR) scored a price-to-earnings ratio above its average ratio, recording 12.07 x from its present earnings ratio. Opinions of the stock are interesting as 9 analysts out of 24 who provided ratings for Carrier Global Corporation declared the stock was a “buy,” while 3 rated the stock as “overweight,” 12 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $44.95, which is $8.19 above the current price. CARR currently public float of 840.81M and currently shorts hold a 0.83% ratio of that float. Today, the average trading volume of CARR was 4.50M shares.

CARR’s Market Performance

CARR stocks went down by -7.51% for the week, with a monthly drop of -10.99% and a quarterly performance of 8.00%, while its annual performance rate touched -29.75%. The volatility ratio for the week stands at 3.18% while the volatility levels for the past 30 days are set at 2.49% for Carrier Global Corporation. The simple moving average for the period of the last 20 days is -6.83% for CARR stocks with a simple moving average of -12.92% for the last 200 days.

Analysts’ Opinion of CARR

Wells Fargo, on the other hand, stated in their research note that they expect to see CARR reach a price target of $50, previously predicting the price at $56. The rating they have provided for CARR stocks is “Equal Weight” according to the report published on February 09th, 2022.

Morgan Stanley gave a rating of “Overweight” to CARR, setting the target price at $54 in the report published on February 09th of the current year.

CARR Trading at -6.09% from the 50-Day Moving Average

After a stumble in the market that brought CARR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.78% of loss for the given period.

Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -9.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.50% upper at present.

During the last 5 trading sessions, CARR fell by -7.51%, which changed the moving average for the period of 200-days by -31.90% in comparison to the 20-day moving average, which settled at $40.39. In addition, Carrier Global Corporation saw -30.29% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CARR starting from Crockett Kyle, who sale 3,682 shares at the price of $45.73 back on Feb 04. After this action, Crockett Kyle now owns 12 shares of Carrier Global Corporation, valued at $168,360 using the latest closing price.

Timperman Jurgen, the President, Fire & Security of Carrier Global Corporation, sale 33,036 shares at $56.05 during a trade that took place back on Nov 12, which means that Timperman Jurgen is holding 9,995 shares at $1,851,813 based on the most recent closing price.

Stock Fundamentals for CARR

Current profitability levels for the company are sitting at:

  • +12.07 for the present operating margin
  • +29.15 for the gross margin

The net margin for Carrier Global Corporation stands at +8.07. Equity return is now at value 40.00, with 11.00 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.

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